Chang Ho Fibre (TPE:1468) Gross Margin %: 18.12% (As of Dec. 2025) — 53% Above Median


TPE:1468 Chang Ho Fibre Corp TPE:1468
59 GF Score
Price NT$12.20
GF Value NT$9.83
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Chang Ho Fibre Gross Margin %?

Chang Ho Fibre TPE:1468 59 Gross Margin % is 18.12% as of Dec. 2025, which is 53% above its 10-year median of 11.82. GuruFocus rates TPE:1468 with a GF Score™ of 59/100 and a GF Value™ of NT$9.83 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,020 Manufacturing - Apparel & Accessories companies, Chang Ho Fibre ranks worse than 78.92% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Chang Ho Fibre's Gross Profit for the three months ended in Dec. 2025 was NT$32.8 Mil. Chang Ho Fibre's Revenue for the three months ended in Dec. 2025 was NT$181.2 Mil. Therefore, Chang Ho Fibre's Gross Margin % for the quarter that ended in Dec. 2025 was 18.12%.


The historical rank and industry rank for Chang Ho Fibre's Gross Margin % or its related term are showing as below:

TPE:1468' s Gross Margin % Range Over the Past 10 Years
Min: 1.29   Med: 11.82   Max: 23.56
Current: 12.81


During the past 13 years, the highest Gross Margin % of Chang Ho Fibre was 23.56%. The lowest was 1.29%. And the median was 11.82%.

TPE:1468's Gross Margin % is ranked worse than
78.92% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.51 vs TPE:1468: 12.81

Chang Ho Fibre had a gross margin of 18.12% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Chang Ho Fibre was 9.10% per year.


Chang Ho Fibre  (TPE:1468) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Chang Ho Fibre had a gross margin of 18.12% for the quarter that ended in Dec. 2025 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Chang Ho Fibre Gross Margin % Related Terms


Chang Ho Fibre Gross Margin % Historical Data

* Premium members only.

The historical data trend for Chang Ho Fibre's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chang Ho Fibre Gross Margin % Chart

Chang Ho Fibre Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.38 1.29 7.30 16.31 12.81

Chang Ho Fibre Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.36 20.50 -7.99 20.65 18.12

Chang Ho Fibre Gross Margin % Competitor Comparison

For the Textile Manufacturing subindustry, Chang Ho Fibre's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chang Ho Fibre Gross Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chang Ho Fibre's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Chang Ho Fibre's Gross Margin % falls into.


TPE:1468
59GF Score
Chang Ho Fibre Corp TPE:1468
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Chang Ho Fibre Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Chang Ho Fibre's Gross Margin for the fiscal year that ended in Dec. 2025 is calculated as

Gross Margin % (A: Dec. 2025 )=Gross Profit (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=106 / 827.412
=(Revenue - Cost of Goods Sold) / Revenue
=(827.412 - 721.398) / 827.412
=12.81 %

Chang Ho Fibre's Gross Margin for the quarter that ended in Dec. 2025 is calculated as


Gross Margin % (Q: Dec. 2025 )=Gross Profit (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=32.8 / 181.153
=(Revenue - Cost of Goods Sold) / Revenue
=(181.153 - 148.333) / 181.153
=18.12 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 18.12% mean?
Chang Ho Fibre (TPE:1468) has a Gross Margin % of 18.12% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on Chang Ho Fibre and its competitors. This is 53% above median its historical median of 11.82. Over the past decade, Chang Ho Fibre's Gross Margin % has ranged from 1.29 to 23.56. According to the industry distribution chart, Chang Ho Fibre ranks #805 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 78.9%.
Is Chang Ho Fibre's Gross Margin % too high?
Chang Ho Fibre's current Gross Margin % of 18.12% is 53% above median its 10-year median of 11.82. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 23.56. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.51. Chang Ho Fibre's value of 18.12% is 36.4% below this industry median. Based on the distribution chart, Chang Ho Fibre ranks #805 out of 1020 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Chang Ho Fibre has a GF Score™ of 59/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Ho Fibre's Gross Margin % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Chang Ho Fibre ranks #805 out of 1020 companies for Gross Margin %. This places Chang Ho Fibre in the lower half of its industry. The industry median Gross Margin % is 28.51. Chang Ho Fibre's value of 18.12% is 36.4% below this benchmark. Historically, Chang Ho Fibre's own Gross Margin % has ranged from 1.29 to 23.56 over the past decade. While the company's 10-year median is 11.82 vs. the industry median of 28.51, Chang Ho Fibre has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.51, based on 1,020 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chang Ho Fibre's current Gross Margin % of 18.12% is 36.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Chang Ho Fibre and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Ho Fibre's current Gross Margin % is 18.12%, which is 53% above median its own 10-year median of 11.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Ho Fibre stock overvalued right now?
Based on GuruFocus' analysis, Chang Ho Fibre (TPE:1468) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$9.83, compared to a current price of NT$12.20 — trading 24.1% above its estimated fair value. The current Gross Margin % is 18.12%, which is 53% above median its 10-year median of 11.82 and 36.4% below the Manufacturing - Apparel & Accessories industry median of 28.51. Chang Ho Fibre's overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Chang Ho Fibre (TPE:1468), the current Gross Margin % is 18.12% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Chang Ho Fibre (TPE:1468) Overvalued in 2026?

Based on GuruFocus' analysis, Chang Ho Fibre stock appears to be overvalued. The current stock price of NT$12.20 is trading 24.1% above its estimated GF Value™ of NT$9.83. GuruFocus considers Chang Ho Fibre to be Modestly Overvalued.

Key valuation signals for TPE:1468:

  • Gross Margin %: 18.12% (53% above median its 10-year median of 11.82)
  • GF Value™: NT$9.83 vs. price of NT$12.20 (24.1% above fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 36.4% below the Manufacturing - Apparel & Accessories median (#805 of 1020)

No single metric tells the full story. See the TPE:1468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chang Ho Fibre Business Description

Address Nankan Road, No. 277, Section 1, Jinxing Village, Luzhu District, Taoyuan, TWN
Chang Ho Fibre Corp manufactures and sells various fibers, ultra-fine and super-micro fibers, and dyed and finished fabrics. Geographically, the company generates maximum revenue from its customers in Bangladesh, followed by China, Taiwan, South Korea, Laos, and Vietnam. The company's segments include: Domestic Segment; Shaoxing Segment; and Other Divisions. The company's main products include: 10-2000 Danny; Double-shot - Four-sided shot; calico; bonding and gluing; Parachute fabric; and PET bottle recycling.
59GF Score

Get the complete analysis for TPE:1468

Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$12.20
Price
NT$9.83
GF Value